Publication:
Lao PDR Economic Monitor, December 2017: Lowering Risks and Reviving Growth

dc.contributor.authorWorld Bank Group
dc.date.accessioned2017-12-18T22:03:42Z
dc.date.available2017-12-18T22:03:42Z
dc.date.issued2017-12
dc.description.abstractThe Lao PDR Economic Monitor provides updates on macroeconomic developments and sectoral issues in the country. It is produced bi-annually and distributed widely to the government agencies, development partners, the private sector, think tanks, civil society organizations, and academia. Addressing macroeconomic risks remains a pressing priority while improving environment for long-term growth is a continuous agenda. To create a more stable macroeconomic environment for reforms, maintaining fiscal discipline and bolder steps towards fiscal consolidation is of utmost importance at this stage. Growth is projected to further moderate to 6.7 percent in 2017, below historical averages, but towards a more sustainable level. Continued expansion in power generation, manufacturing, and agriculture are weighed down by slight deceleration in investment, moderating credit growth, stronger controls over government spending and lower-than-expected tourism performance. Domestic demand also shows signs of slowing. Still, compared to developing East Asia and Pacific (EAP) and regional peers such as Cambodia, Thailand and Vietnam, growth remains robust. Headline inflation further declined in 2017, reflecting falling food prices and slowing aggregate demand, amidst a gradual recovery in oil prices. In this regard, the proposed 2018 best, only a modest adjustment. More meaningful consolidation will require stronger efforts to strengthening revenue collection through improved tax administration, fiscal consolidation is of utmost importance at this stage.en
dc.identifierhttp://documents.worldbank.org/curated/en/677161512735183133/Lao-PDR-economic-monitor-lowering-risks-and-reviving-growth
dc.identifier.doi10.1596/29030
dc.identifier.urihttps://hdl.handle.net/10986/29030
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectSOCIETY
dc.subjectSUSTAINABLE GROWTH
dc.subjectANALYSIS
dc.subjectFINANCE
dc.subjectPOLICY
dc.subjectECONOMIC GROWTH
dc.subjectPOWER SECTOR
dc.subjectEXPORTS
dc.subjectINFLATION
dc.subjectPOVERTY
dc.subjectMACROECONOMIC POLICY
dc.subjectFISCAL TRENDS
dc.subjectPUBLIC DEBT
dc.subjectMONETARY POLICY
dc.subjectECONOMIC OUTLOOK
dc.subjectVULNERABILITY
dc.subjectRISKS
dc.titleLao PDR Economic Monitor, December 2017en
dc.title.subtitleLowering Risks and Reviving Growthen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleLao PDR Economic Monitor, December 2017
okr.date.disclosure2017-12-15
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/677161512735183133/Lao-PDR-economic-monitor-lowering-risks-and-reviving-growth
okr.guid677161512735183133
okr.guid135691527776309988
okr.identifier.doi10.1596/29030
okr.identifier.externaldocumentum090224b0854437fb_3_0
okr.identifier.internaldocumentum29258800
okr.identifier.report121960
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/677161512735183133/pdf/121960-REVISED-PUBLIC-LEM-December-2017-final-small-size.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryLao People's Democratic Republic
okr.topicEnergy::Energy Markets
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Poverty Lines
okr.topicPoverty Reduction::Poverty Monitoring & Analysis
okr.unitGMF - East Asia and Pacific 1 (GMF02)
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